Consider the following information on Budget Plc:

Debt: 80,000 9 coupon bonds outstanding with par value of $1,000 and 18 years to maturity, selling for 108 percent of par, the bonds make semiannual payments.

Common stock: 415,000 shares outstanding, selling for $65 per share: the beta is 1.25

Preferred stock: 100,000 shares of 4.5 percent preferred stock outstanding, currently selling for $103 per share (par value=100)

Market: 8 percent market risk premium and 2.8 percent risk free rate.

Assume the company's tax rate is 35 percent.

1) Calculate the market value of each component of the capital structure (Debt, common stock, and preferred sfock) as well as the total market value of the firm.

2) Calculate the cost of equity.

3) Calculate the after tax cost of debt.

4) Calculate the cost of preferred stock.

5) Calculate the weighted average cost of capital (WACC)